A HEDGE-FUND READER EMAILS:

Does this (the Dow since early May)

have anything to do with this (Obama/inTrade) ?

It’s the correlation that no one in polite company is discussing.

Luckily, we’re not so polite here. It’s certainly suggestive.

UPDATE: Hey, maybe this is why Obama is talking so much economic nonsense. By doing so, he drives the stock market down, which makes life harder on the Republicans . . . .